I saw one of my undergraduate students reading the Wall Street Journal the other day. I’m a finance professor, so this was a welcome sight.
“What’s happening in the markets?” I asked. He said he wanted to learn more about this week’s Federal Reserve meeting about whether or not to raise its target interest rate, which in turn will cause an increase in other rates on the market, from credit cards to mortgages. He sounded concerned.
He’s not alone. If you Google the phrase “worrying about the Fed,” you’ll get well over 100,000 hits.